The founder of decentralized finance protocol Aave said the platform generated $6 million worth of revenue during Monday’s crypto market sell-off. Source: https://www.coindesk.com/business/2024/08/05/defi-giant-aave-rakes-in-6m-in-revenue-as-crypto-market-plunges/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Japan raised interest rates by 0.25% last week, leading to a strong Yen and a corresponding drop across risky assets including bitcoin. Source: https://www.coindesk.com/markets/2024/08/05/bitcoin-drops-15-against-japanese-yen-outpacing-declines-versus-usd-as-yen-carry-trades-unwind/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Carry trading, a popular strategy from the first quarter, involves profiting from pricing discrepancies between two markets. Source: https://www.coindesk.com/markets/2024/08/05/bitcoin-price-crash-to-50k-dashes-carry-traders-hopes/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A sentiment index that tracks crypto markets changed to “fear” early Monday, suggesting a possible sign of a near-term local bottom. Source: https://www.coindesk.com/markets/2024/08/05/crypto-futures-witness-840m-in-liquidations-as-bitcoin-nosedives-ether-records-biggest-fall-since-2021/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A wallet supposedly associated with Jump Trading moved 17,576 ETH to centralized exchanges, according to Spot On Chain. Source: https://www.coindesk.com/markets/2024/08/05/ether-slides-20-as-trading-firm-moves-46m-in-eth/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Japan’s Nikkei fell more than another 6% early Monday, bringing that index’s three-day decline to about 15%. Source: https://www.coindesk.com/markets/2024/08/05/bitcoin-tumbles-to-53k-ether-turns-negative-for-2024-as-panic-grips-markets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto bulls lost nearly $200 million in the past 24 hours as the week’s sell-off worsened over the weekend. Source: https://www.coindesk.com/markets/2024/08/04/bitcoin-plunges-under-60k-crypto-bulls-lose-200m-as-dogecoin-solana-tokens-drop-10/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Zero-knowledge proofs generated on DePIN devices are the best way to provide robust verification for service, performance, and location data while maintaining decentralization and privacy, argue NovaNet cofounders Wyatt …

Former President Donald Trump heaped more praise on the “very, very smart people” of the crypto industry in an interview broadcast on Friday, suggesting that the U.S. embracing Bitcoin …

The future of AI depends on our ability to build a more inclusive, equitable, and decentralized computational landscape, says Mark Rydon, co-founder of Aethir. Source: https://www.coindesk.com/opinion/2024/08/02/how-depins-address-ais-gpu-gap-and-ethics-problems/?utm_medium=referral&utm_source=rss&utm_campaign=headlines